Life insurance
Get the right coverage to protect your loved ones!
Term life insurance pays a death benefit if the person insured dies within a specific period of time or before you reach a certain age.
The length of your coverage can be either for:
- A fixed period of time, such as a term of 10, 20, 30 or 40 years
- Until you reach a set age, such as 65 years old
Why do you need Term Life Insurance?
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Life insurance can be used to meet many potential financial needs. Here are some of the key ones:
- Income replacement. If your family relies on your income, life insurance proceeds can provide the money your spouse or dependants need should you die unexpectedly.
- Repayment of debts. This includes a mortgage, ensure your dependants don’t have to sell the house and can maintain their standard of living.
- Child care and education. This includes daycare and ongoing costs and post secondary school expenses.
- Funeral expenses and estate fees. Even a modest funeral can cost thousands of dollars, and estate costs – such as probate and executor fees – can add thousands more. Life insurance can provide your dependents or your estate with the cash it needs to settle these expenses – without the sale of key estate assets.
- Estate planning. Life insurance is often used to meet longer-term estate planning needs, such as covering capital gains taxes due at death or providing a guaranteed pool of money for a beneficiary, such as a disabled dependant.
Still have you any problem for solutions?
For any inquiries relating to insurance services feel free to speak to me personally by call during business hours.
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Our office address:
290-5000 Rue Jean-Talon O, Montréal, QC H4P 1W9, Canada
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Call for help:
450-801-5100
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Mail for information:
sunita@vermainsurance.ca